July 5, 2013 – MDT Pro Tips A.M.

While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.

No Positions…


Spu’s…a close over 1627 ish would generate higher tgt’s
GOOG…maintaining above 879 should be considered price positive.
YCS…as long as this ETF closes above 63.80 the uptrend is intact.
66.27 is closing resistance.


30 yr. Bonds…by maintaining above 135.00 this has the potential to reach 137.20-24.
TLT…needs to maintain above 109.30 to go higher
TBT…71.00-70.55 is the lowest risk buy zone. 74 is resistance


Euro…130.00-20 is resistance and the upside closing pivot. 128.30 ish is 1st  support with a close under 127.50 needed for a complete pattern breakdown leading to a move to 120 ish .

129.17 is the qtrly close and the near term pivot. Trend breakdown occurs with a close under 128.50. This would signal a leg down in the Euro with the Euro leading dollar strength.
Aussie needs over 92.00 to rally anywhere.

AUD/JPY…92.49 is the 200 day mvg avg., which rejected big time. 90.48 is the qtrly close. A close below 88.75 will be needed to confirm more weakness.

needs to close above 1229 to avoid another sell off.
Silver…by holding 1910 on an initial sell off and closing higher on the day,
generates 20.50 as a 1st short term tgt. followed by 21.20.

Oil…by not maintaining over 101 early 99 is possible. There are resting buy stops just over 102.20. Oil is trying to break out to the upside on a qtrly pattern. This is an event driven trade…fundamentals are irrelevant.

General Comments or Valuable Insight

Today is usually a big mover for the Bonds and Gold. The pattern over the past several months has been weak Bonds ( higher rates) on the # with the metals and currencies following the Bonds Futures down.

You’re seeing this action now. The direction started in Asia and has followed through into London.

A weak payrolls # today would see the Bonds rally. A weak # should initially be price positive the Gold & Silver and supportive the currencies.

The markets should be thin with traders taking a 4 day weekend. It will be just you and the bots.

Don’t fight the capital flows today.

Short Term View…

Whether you are trading Equities,Bonds FX or a Commodity it makes no difference, use 6/28/13 closes in everything as your short term pivots. Good above, negative below.

Time to be a technical trader and robotic ally trade the extremes. Forget the fundamentals.

Pay close attention to your time frames and ebbing capital flows.

For Glossary of terms and abbreviations click here.